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Substantial Detached Country Hotel

Branscombe, Devon
Freehold Price:
£795,000
Status
FOR SALE
Advert ID
249868
Reference
6000 / Rightbiz

THE PROPERTY
The Bulstone Hotel is a substantial detached country hotel which is set in around 3.5 acres. Originally a farm house, the property is believed to date back in parts to the 16th Century with major extensions completed in 1989. The property, which would benefit from updating and modernisation, offers upto 13 letting units. The business currently trades on a bed and breakfast only basis utilising 7 Family Suites, each of which comprises; Master Bedroom, Children's Room and an Ensuite Bathroom. Additionally, there are 4 Two Room Suites each comprising Double Bedroom and open plan Children's Room (all non Ensuite) and 2 large Double Bedrooms (both non Ensuite), Residents Lounge (12), Family Room/Children's Play Room, Sun Room (8), Breakfast/Dining Room (30 ) with Bar, Television Lounge, Catering Kitchen, Wash Up Room, Laundry Room, Staff Rest Room, Office, Guest's Kitchen and a 3 Double Bedroom (1 Ensuite) Owner's Apartment with Sitting Room and Bathroom. Externally, the property stands in around 3.5 acres of grounds which incorporate Car Parking Areas for around 30 vehicles, extensive Woodland and Lawned Areas, covered Car Port and The Old Cider House, a barn conversion providing additional Owner's/Staff Accommodation and briefly comprises Sitting Room, Dining Room, Kitchen Breakfast Room, Sauna Room, Double Bedroom, Single Bedroom/Dressing Room and Bathroom. 

SITUATION
The Bulstone Hotel is located on the fringe of Branscombe, a timeless coastal village of cob and thatch cottages surrounding by National Trust farmland, hills and coastline. Branscombe is located on the World Heritage Jurassic coastline with its own beach and is within an Area of Outstanding Natural Beauty. The village is much sought after and highly regarded, with an active community and a range of facilities including two popular public houses and a primary school. The premier coastal resort of Sidmouth is approximately 5 miles along the coastline and has a beautiful regency front and esplanade and a good range of shopping facilities. The county town of Exeter is about 20 miles to the west with a comprehensive range of shopping facilities, mainline rail link to London, international airport and access to the M5 motorway. Branscombe has the dual benefit of lying in one of East Devon's most sought after and unspoilt areas yet is readily accessible to all of the region's facilities. 

INTERNAL DETAILS
Main entrance door to front into reception porch and hall leading into Reception Area with Office. Sun Lounge a conservatory extension with carpeted flooring comfortably seating 8 guests. Residents Lounge with carpeted flooring, a character room with feature fireplace with inset multi fuel burner and comfortable seating for 12 guests. Family Room/Children's Play Area a conservatory extension with carpeted flooring, doors to rear garden area and comfortably seating around 20 guests. Breakfast/Dining Room a character room with carpeted flooring, exposed wall and ceiling timbers, feature lighting and a range of freestanding tables and chairs comfortably seating 30 guests and a Bar Servery with associated back bar fittings. Television Lounge with carpeted flooring, large screen remote controlled colour television, part exposed stone walls and comfortable seating for 8 guests. Guests Kitchen with a range of work surfaces, stainless steel sink unit, kettle, microwave and fridge freezer. Customer WC. Catering Kitchen with part tiled and part stainless steel clad walls fitted with a range of catering equipment to include: six burner gas range, extractor system with stainless steel canopy over, extensive range of stainless steel work benches with shelving below, eye level grill, two microwave ovens, warming cabinet, warming lamps, twin deep bowl stainless steel sink unit, stainless steel wall shelving, hot water still. Wash Up Room with part tiled walls, single deep bowl stainless steel sink unit, stainless steel work benches with shelving below, wall cupboards, upright fridge, chest freezer, stainless steel racked shelving, dishwasher and stainless steel handbasin. Staff WC. Laundry Room with Miele commercial washing machine, Miele commercial tumble dryer, Miele commercial roller iron, upright fridge and door to rear. Staff Rest Room. Store Room. 

LETTING ACCOMMODATION
Historically, the business offered 13 Letting Units, comprising 11 Family Suites and 2 Large Double Bedrooms. Seven of the suites each comprise a Master Bedroom, a Children's Room and an Ensuite Bathroom and these are located in the extension wing and are currently used for letting by our client. There are 4 further suites each comprising a Double Bedroom an open-plan Children's Room and a wash hand basin. These suites, together with two large double bedrooms are situated in the older part of the hotel and are serviced by a Bathroom, 2 Shower Rooms and a WC. The letting rooms in the older part of the premises would benefit from renovation and refurbishment and are not currently used.

PRIVATE ACCOMMODATION
Situated on the first floor of the extension wing is the family sized Owner's Private Apartment which briefly comprises: Open plan Lounge/Dining Room with multi fuel burner and Kitchenette Area, 3 Double Bedrooms, one with Ensuite Shower Room and a separate Family Bathroom.

Additionally, The Old Cider House is a detached barn conversion adjacent to the hotel which provides additional owner's/staff accommodation and briefly comprises: - main entrance door to front into open plan Sitting Room/Dining Room a spacious, attractive character room with vaulted ceilings, part exposed stone walls, exposed ceiling timbers, lower Dining Area with steps up to Sitting Room with multi fuel burner, Kitchen/Breakfast Room again another attractive character room with exposed ceiling timbers, range of base and wall mounted kitchen units with complimentary work surfaces, built in hob, oven and microwave. Sauna Room with purpose built sauna, Shower and WC. On the first floor is a good-sized Double Bedroom, Dressing Room/Potential Single Bedroom and Bathroom with bath and separate shower cubicle.

Please note: The fittings, equipment and services listed have not been tested by the agents, although we are informed that all items are in working order.

EXTERNAL DETAILS
The property benefits from brown tourist signs on the A3052 Lyme Regis to Exeter main coast road. With grounds that extend to around 3.5 Acres the property is approached from a driveway which leads to Customer Car Parking Areas to the front and to the rear for around 30 vehicles. The grounds incorporate extensive Woodland and Lawned Areas, Owners Private Parking Area with Car Port for 5/6 vehicles and a timber Storage Shed.

THE BUSINESS
The Bulstone Hotel has been in the same ownership for the last 23 years, however due to ill health and a recent bereavement the opportunity is reluctantly offered for sale. The Bulstone has traded as a hotel catering specifically for families with young children and was originally designed and equipped as such. In recent years, our client has restricted the trade to bed and breakfast only, from just seven of the letting suites with the remaining six letting units currently not in use. Through personal choice and with impending retirement in mind, our client has taken a more relaxed approach to running the business over recent years and consequently the Bulstone Hotel is not actively advertised or promoted. The business is run by our client, a single working proprietor, with the assistance of four part-time members of staff. The hotel has a website   and advertising is limited to this together with various online booking portals, with no other advertising or marketing being undertaken. 

TRADING INFORMATION
Through personal choice and due to personal circumstances, our client has deliberately kept the levels of trade below the VAT threshold, trading on a bed and breakfast only basis and closing sporadically throughout the year. Trading information can be made available to interested parties following a formal viewing appointment.

POTENTIAL
The Bulstone Hotel represents an excellent opportunity to purchase a substantial property which would benefit from updating and and refurbishment. There is however, tremendous potential for incoming purchasers to improve the property and develop a style of trade to suit their own requirements. There are opportunities to trade from all of the letting rooms, develop a resident and non-resident dining trade, as well as the potential to develop function trade, if so desired. The flexible accommodation would suit two families or multi generation living. The sale of the Bulstone Hotel represents an excellent opportunity to purchase a substantial country hotel set in a large plot in a highly regarded and much sought after part of East Devon. A viewing is essential in order to fully appreciate all that this substantial and versatile property has to offer. 

EPC
To be advised. 

RATING
For up to date Business Rates and Council Tax information relating to this property, we refer you to The Valuation Office website  

SERVICES
Mains electricity, mains water, private drainage via a septic tank. Heating is provided by solid fuel, electric panel radiators and night storage heaters and LPG is used for hot water and cooking.

PRICE & TENURE
£795,000 for the freehold interest complete with goodwill and trade inventory excluding personal items. Vacant possession upon completion. 

VIEWINGS
Strictly by appointment with the vendors Sole Selling Agents.Tel: .Email: 
You are recommended to contact us before visiting the property even for an informal viewing.  We can then confirm whether or not it is still available.

FINANCE
An early discussion about finance can often save time and disappointment. If you would like independent specialist advice on funding this property or any other purchase, we recommend you contact us for a list of our approved brokers.
 

Listing Details
Freehold Price: £795,000
Tenure: Freehold
Location: Branscombe, Devon
Sector: Hotels, Bed And Breakfast, Holiday Flat
Key Features
  • Trade Gardens Available
  • Ideal for Full Refurbishment
  • With Accommodation
  • Unique Business
  • Potential for Alternative Use
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Advert Reference: 6000 / Rightbiz
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